GBPUSD: Emerging market currencies see limited gains ahead
Most emerging market currencies are not expected to recover this year's losses against the dollar in the coming months, according to a recent poll of foreign exchange strategists. The poll, involving 50 FX strategists, suggests the possibility of aggressive interest rate cuts by the US Federal Reserve, weighing on the performance of these currencies.
A basket of emerging market currencies, which ended last year at a high, has since lost momentum, falling 1.2% on higher US Treasury yields. This downturn was attributed to better-than-expected US economic data and hawkish statements from Federal Reserve policymakers, leading to reduced interest rate cut expectations. As a result, the dollar index has increased 3% in just a few weeks.
A basket of emerging market currencies, which ended last year at a high, has since lost momentum, falling 1.2% on higher US Treasury yields. This downturn was attributed to better-than-expected US economic data and hawkish statements from Federal Reserve policymakers, leading to reduced interest rate cut expectations. As a result, the dollar index has increased 3% in just a few weeks.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.